Gum Arabic Price in Finland - 2023

Contents:

1. Gum Arabic Price in Finland (CIF) - 2022
2. Gum Arabic Price in Finland (FOB) - 2022
3. Gum Arabic Imports in Finland
4. Gum Arabic Exports in Finland

Gum Arabic Price in Finland (CIF) - 2022

The average gum arabic import price stood at $4,216 per ton in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $4,528 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ireland ($4,990 per ton) and the UK ($4,949 per ton), while the price for France ($3,858 per ton) and Germany ($4,363 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Finland (FOB) - 2022

Finland has no trade partners to describe.

Gum Arabic Imports in Finland

In 2022, approx. 205 tons of gum arabics were imported into Finland; jumping by 51% against the previous year. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports skyrocketed to $866K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Finland in 2022:

1. France (119.7 tons)
2. Ireland (34.4 tons)
3. Germany (33.0 tons)
4. United Kingdom (17.2 tons)

Gum Arabic Exports in Finland

In 2022, exports of gum arabics from Finland totaled less than 0.1 kg, almost unchanged from 2021. Overall, exports saw a precipitous decline. The smallest decline of 99.9% was in 2020.

In value terms, gum arabic exports amounted to $2 in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of 99.9% was in 2020.

Top Export Markets for Gum Arabic from Finland in 2022:

1. Denmark (1.0 kg)

Source: IndexBox Market Intelligence Platform